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Business Survival in a Tough Economy

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Many analysts agree that the economy has suffered an extended period of slow growth. This creates challenges for small businesses. Plan for More of the Same Different economists make the argument with a variety of data, but the consensus seems to be that the economy has changed in the past several years. There seems to have been a deceleration in growth and employment. These conditions can continue for years. As economists are quick to explain, on the other hand, that these trends could also ...

Real Estate Prices Can Be a Business Indicator

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Widely publicized economic indicators track the national economy. Local economic growth can often be tracked with real estate activity. News Reports Highlight the Past Economic activity is widely followed with a number of monthly reports that track a variety of indicators. Unemployment and several inflation reports are analyzed in detail each month, while industrial production and many other indicators attract little attention beyond the financial news. All of these reports require a great deal ...

Home-Based Businesses Could Yield Tax Savings

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Businesses operated from home could help business owners, whether they own or rent, lower their tax bills. Home Office Deductions Can Lower Taxes Due If you use part of your home for business, whether you are a homeowner or a renter, under IRS rules you might be able to deduct expenses from your income. While this is known as the home office deduction, the space does not have to be an office. A workshop used to manufacture items for sale, or a room dedicated to the storage of inventory for ...

Help is Available for Small-Business Problems

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The Small Business Administration could be a valuable source of information for any business concern. More Than a Source Of Financing Many business owners think of the Small Business Administration (SBA) as a potential source of funds. The agency does offer a variety of loan programs and administers several grant programs. The SBA also provides disaster assistance to help businesses recover from natural and man-made disasters. Counseling and education programs covering almost every aspect of ...

Business Growth Accelerates in Summer

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Labor Department data shows that business expansion tends to peak in the summer months, a fact that might help business owners plan. Seasonal Trends Exist in the Employment Report Economic growth is not spaced evenly throughout the year. There are peaks and valleys in almost every economic data series over any time frame. These variations can be evaluated to identify seasonal tendencies. Government agencies that collect and report economic data understand this, and almost all data is adjusted ...

Consider Potential Benefits When Locating Your Business

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Business owners should consider any possible benefits when they decide where to locate their business. Location Could Give Businesses an Advantage Real estate agents always advise their clients to consider location when making decisions about where to buy or rent. The right location could be worth a premium, whether the property is a home or a business. When assessing the location for a business, the type of business will be an important consideration. It might be important for a retailer to be ...

Can Your Business Benefit From Tourists?

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Some business models are based on tourism, but other businesses may be overlooking the possibilities of added sales to tourists. Tourists Could Increase Sales for Any Business When thinking about businesses related to tourism, souvenir shops may come to mind. These are businesses dedicated to meeting the needs of visitors. Other businesses may enjoy a temporary increase in sales as tourists visit their area, and they plan for this seasonal surge. These businesses may include restaurants that ...

How the Affordable Care Act Will Affect Small Businesses

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Rumors are rampant, but there is a source for news about the impact that changes in health insurance will have on your small business. Change May Be Coming The Affordable Care Act is designed to help every American access quality, affordable health insurance. This law has been the source of great concern to many, and its impact has been widely debated. As with any issue that creates strong feelings, there are some opinions and rumors mixed with facts in the debate. This is true for both sides ...

5 Small Business Budgeting Tips for Making It Through the Lean Months

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When you run your own small business, income is rarely steady. Depending on your industry, you may find yourself struggling to make ends meet in June and July, while December brings more income than you could ever possibly need. Ebb and flow is a way of life for almost every small-business owner, but you don’t have to live on peanut butter and jelly sandwiches four months out of the year. Here are a few ways to ensure you can still pay the bills when your customers temporarily ...

Small Businesses Could Grow With Government Contracts

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Governments encourage business growth with various incentives, including preference for contracts that could help your business grow. Government Contracts Offer a Large Market Spending trillions of dollars a year, the U.S. government is the largest single purchaser of goods and services in the world. The Small Business Administration (SBA) estimates that the federal government awards approximately $500 billion in contracts every year. State and local governments are also large markets, and may ...